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OMV Petrom’s carbon intensity drops by 11%, Sustainability Report says

The largest integrated energy company in South-Eastern Europe, OMV Petrom has published its Sustainability Report for 2022, providing an overview of the economic, environmental and social impact of the company’s operations.

“The carbon intensity of our operations decreased last year by around 11 per cent versus the 2019 level. Our overarching ambition is to achieve a 30 per cent reduction by 2030 compared to 2019. In addition, we reduced our methane emissions intensity by 70 per cent versus the 2019 level, progressing towards our target of less than 0.2 per cent by 2030,” said Christina Verchere, CEO of OMV Petrom.

“OMV Petrom contributes significantly to the economic and social fabric of society. We invested approximately 40 million euros in projects for the long-term development of the communities in which we operate, for one million direct beneficiaries,” she added.

In 2022, the company entered a partnership with Complexul Energetic Oltenia, a Romanian energy company, for the construction of four solar farms with a total capacity of around 450 megawatts (MW), with the project valued at over 400 million euros. With the four new farms in operation, Romania’s installed solar power capacity is expected to increase by around 30 per cent.

OMV Petrom also reached 150 filling stations installed with PV panels at the end of last year. The company aims to install solar panels in around half of its filling station network by 2025. The amount of electricity produced by the PV panels covers up to 25 per cent of the consumption of a filling station, the company said.

Last year, the Petrobrazi refinery (south-east Romania) became the first site certified in the country to produce Sustainable Aviation Fuel (SAF). The SAF volumes produced at the Petrobrazi refinery can help reduce the carbon emissions from commercial flights by around 70 per cent compared to conventional fuel, OMV Petrom said.

In the area of electromobility, more than 100 charging points for electrical vehicles were installed by the end of 2022.

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